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The Scranton Times Portfolio 3 Properties in Scranton, PA
Investment Highlights
- One of the most iconic commercial downtown property groupings in Scranton, PA!
- Located in Federal Opportunity Zone (FOZ) and Keystone Innovation Zone (KIZ)
- Architecturally significant, the former Scranton Times-Tribune (Times- Shamrock) building is steeped in history.
- An adaptive re-use gem with over 80,000 SF of useable space in 2 buildings.
- (2) Buildings on 3 properties. Zoned C-D "City - Downtown" affording many possible uses.
- Attractive architectural details. The properties are well suited for a mixed-use redevelopment.
Executive Summary
The Scranton Times Portfolio is a rare opportunity to acquire one of the most iconic property portfolios in Scranton, Pennsylvania. Composed of 3 distinct, adjacent properties offered in a Portfolio for Sale, this grouping is an adaptive reuse gem! The opportunity includes two buildings of over 80,000 SF combined building area and an adjacent paved, gated parking lot suitable for 38 vehicles. Steeped in history and architectural details, located in a Federal Opportunity Zone (FOZ)and Keystone Innovation Zone (KIZ), the portfolio presents a significant adaptive re-use opportunity. The sale is a portfolio sale only and includes lease revenue from two (2) existing tenants.
Property Facts
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Sale Type | Owner User | Total Building Size | 86,057 SF |
| Status | Active | Total Land Area | 1.14 AC |
| Number of Properties | 3 |
| Sale Condition | Redevelopment Project |
| Sale Type | Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 86,057 SF |
| Total Land Area | 1.14 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Times-Shamrock Bldg Parking Lot
218 Biden St, Scranton, PA 18503 |
Land | 0.49 AC | - | - |
| 149 Penn Ave, Scranton, PA 18503 | Office | 67,000 SF | 1925 | - |
| 129-131 Penn Ave, Scranton, PA 18503 | Retail | 19,057 SF | - | - |
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